Mortgage Rates Ramp Back Up

The average 30-year, fixed mortgage rate ramped back up above 4 percent this week after wandering below 4 percent last week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed mortgage rate averaged 4.03 percent.
“The 10-year Treasury yield rose about 10 basis points this week,” says Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate moved with Treasury yields, rising six basis points to